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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,350,000

Est. payment | -/mo

5 Beds

5 Baths

2,964 SqFt

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$ 1,350,000

Est. payment | -/mo

Save

5 Beds

5 Baths

2,964 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,964 sqft

Price per Sqft $455

MLS Listing ID 26849143

Bedrooms 5

HOA Y/N No

Year Built 1976

Lot Size 8,755 Sqft

Property Description

We are pleased to present 4747 Orion Avenue, a4-unit multifamily investment opportunity situated in the heart of Sherman Oaks, just moments from Ventura Boulevard and the101/405 interchange - one of the San Fernando Valley's most desirable and supply-constrained rental submarkets. The property features three one-bedroom/one-bath units and one two-bedroom/two-bath unit across approximately 2,964 gross square feet, sitting on a spacious 8,755 SF lot. One unit will be delivered vacant at the close of escrow, providing an incoming investor with immediate market rate income for that unit from day one. At the asking price of $1,350,000, the property is offered at $337,500 per unit and $455 per square foot at a market cap rate of 4.88% and market GIM of 11.97 - representing approximately 24% revenue upside as below-market leases roll to current levels. R3-1 zoning on an 8,755 SF lot unlocks meaningful development optionality. Base density supports up to 10 units by right at 1unit per 800 SF of lot area, with additional density achievable through Density Bonus, SB 9, and state housing provisions - all of which have seen active uptake throughout Sherman Oaks. Buyer to verify. The surrounding submarket has attracted significant institutional capital, with IMT Residential's 249-unit Citrus Commons and 325-unit Via Avanti either recently delivered or nearing completion within close proximity, validating deep and sustained investor conviction in the Sherman Oaks multifamily market. Metro's East San Fernando Valley Light Rail is currently under construction along Van Nuys Boulevard, with 11 stations planned between the G Line and Pacoima. Additionally, the Sepulveda Transit Corridor - a proposed high-capacity rail connection linking the Valley to the Westside - is advancing through environmental review, with a corridor alignment running through Sherman Oaks.

Location

State CA

County Los Angeles

Area Enc - Encino

Zoning LAR3

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features Driveway

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 2261038042

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Neema Ahadian Marcus & Millichap #01346750

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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4747 Orion AVE Sherman Oaks, CA 91403